Meta Plans $95 Billion Stock Offering to Fund AI Infrastructure
Summary
Meta plans to raise $95 billion to fund AI infrastructure and superintelligence work, starting with $35 billion in public equity offerings and $60 billion more through an at-the-market program. Nvidia, AMD and Broadcom expressed interest in buying up to $5 billion in shares, Meta said. Meta's stock fell 1.6% in morning trading.
Key Points
- Meta expects full-year capital expenditure of $135 billion to $145 billion.
- Goldman Sachs estimates AI-related capital spending could total about $7.6 trillion from 2026 through 2031.
- Ben Wood of CCS Insight says the raise reflects the investment required to keep up in the AI arms race.